Masimo Corporation Stock Forecast

Masimo Corporation stock upgraded to Hold/Accumulate.
(Updated on May 03, 2024)

MASI Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 2.23%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Masimo Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $138.12. On a fall, the stock will find some support from the short-term average at $135.61. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, March 14, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Masimo Corporation stock

Masimo Corporation finds support from accumulated volume at $132.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.67 (1.23%) between high and low. For the last week, the stock has had daily average volatility of 2.20%.

Our recommended stop-loss: $129.77 (-5.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (MASI) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Masimo Corporation to open at $137.01, and during the day (based on 14 day Average True Range), to move between $133.33 and $140.67, which gives a possible trading interval of +/-$3.67 (+/-2.68%) up or down from last closing price. If Masimo Corporation takes out the full calculated possible swing range there will be an estimated 5.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $139.43 (1.77%) than the support at $132.68 (3.15%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Masimo Corporation stock A Buy?

Masimo Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.092 Hold/Accumulate Upgraded

Predicted Opening Price for Masimo Corporation of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.